Foster & Motley Inc. Reduces Stock Position in Expeditors International of Washington, Inc. $EXPD

Foster & Motley Inc. lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,696 shares of the transportation company’s stock after selling 745 shares during the quarter. Foster & Motley Inc.’s holdings in Expeditors International of Washington were worth $1,336,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in Expeditors International of Washington during the 1st quarter valued at $26,000. Zions Bancorporation National Association UT purchased a new position in Expeditors International of Washington during the 1st quarter valued at $30,000. Garde Capital Inc. purchased a new position in Expeditors International of Washington during the 1st quarter valued at $37,000. Ransom Advisory Ltd purchased a new stake in shares of Expeditors International of Washington in the 1st quarter worth $41,000. Finally, Twin Tree Management LP purchased a new stake in shares of Expeditors International of Washington in the 1st quarter worth $42,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EXPD shares. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Robert W. Baird started coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 target price for the company. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a report on Friday, October 10th. Truist Financial upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, June 30th. Finally, Baird R W upgraded Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Seven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $114.44.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $120.00 on Friday. The stock has a market capitalization of $16.29 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $129.15. The business has a fifty day moving average price of $120.79 and a 200 day moving average price of $115.58.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.